Economy News

ArcelorMittal's Rs 42,000-crore offer for Essar Steel faces more hurdles

Ruias may approach the appellate tribunal pushing the case of their Rs 54,389-crore debt resolution plan that lost to ArcelorMittal's offer

15 days ago

Startups cheer as rule changes ease path for receiving new investments

CBDT clarifies relief like an increase in the limit to Rs 25 crore and raising of benefit period to 10 years will be available from February 19

16 days ago

ED may recover 'fraudulently gained' wealth from Chanda Kochhar and family

Investigation allegedly reveals funds that ICICI Bank sanctioned to Videocon group were routed to husband Deepak Kochhar's firms.

17 days ago

Mukesh Ambani's e-commerce foray: Shoppers hope for high-volt Diwali fireworks

E-commerce industry relishes the prospect of intense competition with Reliance Retail's entry into the market space already lit up by the intense rivalry between Amazon and Flipkart.

17 days ago

Cross-border insolvency law changes to boost ease of doing business in India

A separate section in the Insolvency and Bankruptcy Code (IBC) modelled after international best practices will help partners in foreign tie-ups

19 days ago

No Indian 'retaliation' to Trump decision to curtail duty-free trade benefits

The removal of India from countries enjoying the generalised system of preferences (GSP) list will mainly hit $5.6 billion duty-free exports of agricultural and handicraft products.

19 days ago

Traders eye bullish turn as border tensions recede, US-China trade wars ease

Indian markets are closed on Monday but are expected to respond positively amid improving chances for Modi government's return and global cues.

20 days ago

NSEL scam: Commodity brokers jittery as Sebi ban hangs over more entities

Six big names including Motilal Oswal and Geojit hit by the ban as the market regulator is probing about 300 broking entities in the Rs 5,500-crore NSEL scam

22 days ago

Jet troubles worsen as other airlines refuse to fly passengers with cancelled tickets

Air India, Air Vistara cancel deals with Jet for carrying interrupted flights passengers citing big gap in prevailing rates and the standard rate applicable under an agreement.

22 days ago

Economic growth for FY19 at 7% projected to be lowest for Modi years

GDP growth estimated to hit a six-quarter low of 6.6% in the third quarter with the expansion falling in all key sectors, CSO data show.

23 days ago

Finance Ministry asks tax panel to rationalise existing income-tax slabs

Panel will look at tax slabs, particularly the 20% slab, and revise them in the light of international best practices.

24 days ago

Bengaluru boasts highest number of cryptocurrency job openings in the country

Bengaluru currently has 34 per cent job openings in cryptocurrency in recruitment website 'Indeed', making it top the list while Pune trails far behind with only eight per cent job openings in cryptocurrency.

24 days ago

Volatility spirals as border tensions hammer Karachi stock exchange

KSE100 plunged nearly 1,500 points after Indian strikes and Pakistani retaliation; benchmark recovers some ground though choppiness remains.

24 days ago

Airports privatisation: Aggressive bidding landed five airports in Adani kitty

High growth trajectory in the five airports is expected to give the AAI a win-win partnership with the Adani Group

25 days ago

India to keep off WTO talks on global regime for e-commerce

New Delhi treads a cautious path despite surprise Beijing turnaround; indigenous e-commerce policy targets data security by localization of storage

27 days ago